Akiko Global Services Limited IPO : Important Dates

Akiko Global Services Limited IPO is set to launch on 25 June, 2024. The company initiated its business operations in the year 2018. It partners with the NBFCs and banking institutions in India. The company has a speciality in distributing financial products like loans and credit cards. It has a software named The Money Fair which analyses its work for distribution for loans and cards. It has an employee base of 418 people.

Akiko Global Services Limited : IPO DETAILS

Akiko Global Services Limited IPO is set to launch on 25 June, 2024. The subscription timeline extends till 27 June, 2024. The size for the IPO is Rs. 23.11 Crore. The IPO offers fresh issues worth Rs 23.11 Crore. No shares are offered through offer for sale. The lot size is 1600 shares and the price is Rs.73 to Rs 77 per share. The company is going to get listed at NSE SME Board. The face value per share is Rs.10 and this is a Book Built Issue. The registrar for the company is Skyline Financial Services Private Limited..

Tabular Description of Akiko Global Services Limited IPO

IPO OPENING DATE	25 June, 2024
CLOSING DATE FOR IPO	27 June, 2024
ISSUE TYPE	Book Built Issue
Face Value per share	Rs. 10 per share
IPO price band	Rs. 73 to Rs 77 per share
LOT SIZE	1600 shares
MINIMUM ORDER QUANTITY	1600 shares
ISSUE SIZE	Rs. 23.11 Crore
OFFER FOR SALE	No shares are issued through offer for sale mode
FRESH ISSUE	Rs. 23.11 Crore
LISTING AT	NSE SME Board
LISTING DATE	2 July, 2024

Akiko Global Services Limited IPO: IMPORTANT DATES

IPO OPENING DATE	25 June, 2024
CLOSING DATE FOR IPO	27 June, 2024
IPO ALLOTMENT DATE	1 July, 2024
REFUNDS	1 July, 2024
DEMAT A/C CREDITED ON	1 July, 2024
IPO LISTING DATE	2 July, 2024

Akiko Global Services Limited IPO begins for subscription from 25 June, 2024. The IPO subscription would continue till 27 June, 2024. The allotment status for the shareholders who applied would come on 1 July, 2024. The refunds for the ones who did not get allotment would be initiated on 1 July, 2024. The DEMAT accounts of shareholders would be credited on 1 July, 2024. The listing of the company would be completed on 2 July, 2024.

Akiko Global Services Limited IPO: Lead Managers

The lead managers are :

• Fast Track Finsec Private Limited

The minimum and maximum lot size for retail investors is 1600 shares, amounting to Rs. 123200. The minimum lot size for HNI is 3200 shares, amounting to Rs. 246400.

	Lots	Shares	Amount
Retail (Minimum)	1	1600 shares	Rs. 123200
Retail (Maximum)	1	1600 shares	Rs. 123200
HNI (Minimum)	2	3200 shares	Rs. 246400

OBJECTIVES FOR THE IPO

• To meet the working capital requirements of the company
• To meet the capital expenditure of the company
• General Corporate Expenses

COMPANY FINANCIALS

Particularly                  (in Rs. Lakhs)	2020-21	2021-22	2022-23	Dec – 2023
Asset	234	405	1130	1794
Revenue	610	1353	3958	2609
PAT	22	77	453	321

Akiko Global Services Limited had an asset base of 234 Lakh Rs in the year 2021. This boosted to 405 Lakh Rs in the year 2022. The asset base of the company more than doubled to 1130 Lakh Rs in the year 2023. For December 2023 the asset base of the firm was at 1794 Lakh Rs. The revenue of the company was 610 lakh Rs in the year 2021. This boosted to 1353 Lakh Rs in the year 2022. The revenue for the year 2023 was at 3958 Lakh Rs. The profit of the firm was at 22 Lakh Rs in 2021. This increased to 77 Lakh Rs in the year 2022. The profit of the year 2023 was at 453 Lakh Rs. 

Hence overall the company’s financials have been increasing constantly. Also the profit of the company is increasing with the boost in the asset base and revenue.

PROS

• The company has a speciality in distributing financial products like loans and credit cards.
• It has a software named The Money Fair which analyses its work for distribution for loans and cards. It has an employee base of 418 people.

Akiko Global Services Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Akiko Global Services Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.